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Apple has
scheduled a big media event for Sept. 9, reports say, where the
company will likely unveil several new products including two new
iPhones with larger displays.

The new phone, rumored to be called the iPhone 6, will likely be
available with a 4.7-inch and 5.5-inch display, significantly
larger than the 4-inch iPhone 5, 5c, and 5s.

The announcement of new iPhones will coincide with the release of
iOS 8, Apple’s new mobile operating system
that promises to come packed with new iCloud and health
features and improved connectivity between devices.

In addition to an iPhone update, Apple could debut a smart watch
that journalists have been calling the iWatch. Some analysts
suggest, however, that that announcement will come at a later
date in order to keep all the focus on the new iPhone.

The upcoming announcement will fit Apple’s pattern of releasing
new mobile hardware in early fall and beginning sales shortly
thereafter. Some analysts say that the new iPhones could become
available in stores as early as Friday, Sept. 19.

If all goes according to plan, Apple will rake in $37 to $40
billion in revenue for its September quarter, a year-over-year
increase of three to seven percent, Forbes reports. The Wall
Street Journal says Apple has ordered suppliers to
manufacture between 70 and 80 million new phones.

In a joint statement, Bloomberg reports, both companies said they
would drop all suits against one another in Australia, France,
Germany, Italy, Japan, the Netherlands, South Korea and the U.K.

Without a decisive victory for either company, the years-long
public court battle has harmed both companies’ sales. Apple
accuses Samsung of rippling of its phone design and Samsung
accuses Apple of using parts of its wireless technology without
permission or credit.

The announcement does not end the legal battle completely,
especially in the U.S., and the companies have still not reached
any cross-licensing agreement, Bloomberg reports.